Computer Science
3 years ago

New Study Reveals Impact of Inflation on Unemployment in India

SSRN Electronic Journal
Phillips Curve (Struggling Jargon): Practical Implication in Indian Context
Deepmala Jasuja, Preeti Sharma

Paper Summary

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The article explores the relationship between inflation and unemployment in the Indian economy. Researchers analyzed data from 1992 to 2018 to see if the Phillips Curve theory holds true in India. They used Co-integration and Granger Causality tests to examine the connection between rising prices and joblessness. The study aimed to see if there is an inverse relationship between inflation and unemployment in India, as suggested by the Phillips Curve theory.